GDP rose by 0.1 per cent in Q1 2018 from the previous quarter, unchanged from the preliminary estimate. This is somewhat weaker than had been forecast with some expectation of an upwards revision, particularly from some members of the Bank of England’s Monetary Policy Committee. The first estimate of consumer spending stood at 0.2 per cent in Q1 2018, compared with the previous quarter. This was the weakest quarter-on-quarter performance since the final quarter of 2014. Compared with the same quarter a year earlier spending rose 1.1 per cent.
UK Retail Economic Briefing
Our UK Retail Economic Briefing analyses a range of macroeconomic indicators including GDP, consumer spending, inflation, labour market, commodity prices, exchange rates, monetary indicators, credit and lending market data, house prices, mortgage data, retail sales and more.
UK Retail Economic Briefing - May 2018
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The UK Retail Economic Briefing includes:
|Summary and economic overview|
|Prices, costs and margins|
|... and much more|